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Goodman Fielder (NZSE:GFF) Cyclically Adjusted PB Ratio : (As of May. 21, 2024)


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What is Goodman Fielder Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Goodman Fielder Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Goodman Fielder's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Goodman Fielder Cyclically Adjusted PB Ratio Chart

Goodman Fielder Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Cyclically Adjusted PB Ratio
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Goodman Fielder Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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Competitive Comparison of Goodman Fielder's Cyclically Adjusted PB Ratio

For the Confectioners subindustry, Goodman Fielder's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Goodman Fielder's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Goodman Fielder's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Goodman Fielder's Cyclically Adjusted PB Ratio falls into.



Goodman Fielder Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Goodman Fielder's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun14 is calculated as:

For example, Goodman Fielder's adjusted Book Value per Share data for the fiscal year that ended in Jun14 was:

Adj_Book=Book Value per Share/CPI of Jun14 (Change)*Current CPI (Jun14)
=0.629/98.3515*98.3515
=0.629

Current CPI (Jun14) = 98.3515.

Goodman Fielder Annual Data

Book Value per Share CPI Adj_Book
200506 0.000 76.712 0.000
200606 2.521 79.777 3.108
200706 1.574 81.449 1.901
200806 1.501 85.071 1.735
200906 1.520 86.278 1.733
201006 1.491 88.971 1.648
201106 1.219 92.129 1.301
201206 0.997 93.244 1.052
201306 0.938 95.473 0.966
201406 0.629 98.352 0.629

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Goodman Fielder  (NZSE:GFF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Goodman Fielder Cyclically Adjusted PB Ratio Related Terms

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Goodman Fielder (NZSE:GFF) Business Description

Traded in Other Exchanges
N/A
Address
Goodman Fielder Limited manufactures, markets & distributes food ingredients & consumer branded food, beverage & related products, including packaged bread & other related goods, biscuits, dairy products, small goods, flour, edible oils & meal components.